Nexia and Russell Bedford add firms in Albania and Kosovo

17 January 2019

Accounting and consulting networks Nexia International and Russell Bedford have expanded their footprint in Eastern Europe with the addition of member firms in Albania and Kosovo.

Kosovo-based Audit Group, which has two partners and eight members of staff, has been admitted into Nexia International’s network. With a fee income of around $3.6 billion, generated by over 240 members firms with 660+ offices, Nexia International is the 9th largest accountancy network globally.

The local Kosovan professional services firm provides services in audit, tax and accounting, business consulting, and internal audit services, to clients in sectors such as agriculture, construction, energy, and non-profit. “We look forward to working with Nexia member firms and embracing new opportunities to provide services to international businesses to help grow our business,” said Xhevdet Beqiri, a partner at Audit Group.

Meanwhile, in neighbouring Albania, Russell Bedford has added Tirana-based Albanian Consultancy to its European network. The local company offers services in accounting, bookkeeping, tax compliance, tax consulting, management consulting and auditing.

Nexia and Russell Bedford add firms in Albania and Kosovo

“Our membership of this expanding international network is a proud moment for our group, providing the right amount of motivation to take Albanian Consultancy to the next level of its development. We look forward to connecting with other members within the network and to creating opportunities for supporting out mutual clients,” remarked Albanian Consultancy’s partner Gentian Barjamaj. 

Last year the government of Albania called in Big Four professional services firm EY to help officials combat tax evasion and stamp out a black economy worth a third of the country’s GDP, as the country vies for EU membership.

The move by Russell Bedford comes shortly after the firm added a new member firm in Tblisi, Georgia, as well as in the Netherlands. 

Albania and Kosovo, countries with a population of 2.8 million and 1.8 million respectively, are among the smallest professional services markets in Eastern Europe. The region’s management consulting industry is valued at around €1.4 billion.

BCG launches BrightHouse and Digital Ventures in France

15 April 2019

Global management consulting firm Boston Consulting Group (BCG) has launched two of its subsidiaries in France.

Launched in 1973, BCG’s Paris office is with 400 consultants one of the firm’s largest in its footprint of 90+ offices globally. The hub, led by company veteran Guillaume Charlin, plays an instrumental role in developing BCG in Western Europe, francophone Northern Africa, and Israel and Lebanon, which have close economic ties with France.

Having focused mainly on strategy consulting services over the past decades, Boston Consulting Group’s French arm is branching out to other services areas. BCG Platinion – BCG’s IT solution wing – and BCG Gamma – BCG’s advanced analytics arm – have been active in Paris for a while, and now two of the firm’s other subsidiaries – BCG Digital Ventures and BrightHouse – have landed in the French capital city. 

BrightHouse is a creative consultancy that support clients with the development of purpose-driven branding strategies. The firm has helped companies like Procter & Gamble, McDonald’s, KPMG and American Express discover and articulate their purpose, and then helped them activate and embed their purposes within their organisations. BCG acquired BrightHouse in June 2015, and since then the consultancy has been operating as an independent business division of the US-consulting giant. BCG launches BrightHouse and Digital Ventures in FranceFollowing the opening of a new office in Berlin last year, Paris becomes the firm’s third hub internationally (the firm is headquartered in Atlanta) and second in Europe. BrightHouse France will be managed by Mathieu Menegaux, a senior partner who has been with the firm since 2001. The HEC graduate focuses mainly on clients in the energy & utilities and industrial goods sectors.

BCG Digital Ventures is BCG’s corporate investment and incubation firm. The division invents, builds, scales and invests in startups, often in collaboration with the world’s most influential companies. Founded in 2014, when a large team of digital experts transitioned from Booz & Company (now Strategy&) to Boston Consulting Group, BCG Digital Ventures currently has offices in the US, (Los Angeles, New York, Seattle), Europe (Berlin, London, Paris) and Asia (Sydney, Shanghai and Tokyo). Since inception, the unit has (co-)founded over 60 ventures.

Among the projects BCG Digital Ventures has delivered include the development of a new blockchain-powered platform for transparency in the food chain for fish (together with the WWF in Australia) and the launch of Hey.Car, a platform for the used car segment (together with German automotive giant Volkswagen).

In France, BCG Digital Ventures will be led by Caroline Vion, who joined BCG in 2014 as part of the founding team that joined from Booz & Company. Earlier in her career, she worked for companies in the media and luxury retail sectors. Vion has relocated from Los Angeles to head the new venture in France. 

Last year, BCG was named one of France’s top strategy consulting firms to work for.